Kirin Holdings Co. (OTCMKTS:KNBWY) Sees Large Drop in Short Interest

Kirin Holdings Co. (OTCMKTS:KNBWY) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 30,202 shares, a decline of 60.7% from the April 30th total of 76,793 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 85,890 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Kirin from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th.

Kirin Price Performance

Shares of Kirin stock opened at $16.98 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.53. Kirin has a twelve month low of $13.15 and a twelve month high of $17.87. The business has a 50-day moving average price of $16.27 and a 200 day moving average price of $15.94. The firm has a market cap of $13.76 billion, a PE ratio of 13.80 and a beta of -0.04.

Kirin (OTCMKTS:KNBWY) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.05). Kirin had a net margin of 6.11% and a return on equity of 9.89%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.63 billion.

Kirin Company Profile

Kirin Holdings Company, Limited is a Japan-based global beverage and life sciences group best known for its flagship beer brand. The company’s core operations encompass the brewing and distribution of beer and spirits, the production of soft drinks and other non-alcoholic beverages, and a growing pharmaceuticals and biotech segment. Kirin’s beverage portfolio ranges from mainstream lagers and craft-inspired brews to juices, teas, and carbonated soft drinks sold under various regional labels.

Rooted in the founding of Kirin Brewery Company in 1888, the group restructured into a pure holding company in 2007 to foster greater strategic flexibility.